In previous bear markets, 
BTCUSD bottomed out in the negative reciprocal fib channels corresponding to the steady build up trends preceding each "vertical" phase of the bull runs. After bottoming, a new set of fib channels carries the price into the next cycle at a less steep angle. Macroscopically this means the price seems to be increasing at a decreasing rate and can be fitted with a log growth curve.
BTCUSD bottomed out in the negative reciprocal fib channels corresponding to the steady build up trends preceding each "vertical" phase of the bull runs. After bottoming, a new set of fib channels carries the price into the next cycle at a less steep angle. Macroscopically this means the price seems to be increasing at a decreasing rate and can be fitted with a log growth curve.
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